Layne Christensen Announces Signing of Letter of Intent With GLNA, LLC to Pursue Opportunities in Developing Coalbed Methane Gas.Business Editors MISSION WOODS, Kan.--(BUSINESS WIRE)--June 11, 2002 Layne Christensen Company (Nasdaq: LAYN) announced today it has signed a letter of intent with GLNA GLNA Great Lakes of North America (Project) , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("GLNA") to develop a coalbed methane Coalbed methane is a form of natural gas extracted from coal beds. In recent decades it has become an important source of energy in United States, Canada, and other countries. ("CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ") property in southeastern Kansas. The initial project covers 25,000 acres with the expectation that the final acreage will more than double by year end. Layne Christensen ("Layne") will have 50% interest in the project. Gary L. Nydegger of GLNA stated: "We are excited to have Layne's Shawnee Oil & Gas Division as a partner on this project. Layne brings an array of CBM services to the project plus an important strategic alliance with Mohajir Engineering Group. We feel this combination puts together the necessary skills to successfully develop this prospect." Colin Kinley, President of Layne's Energy Division, stated: "This is our second major initiative for the development of CBM. It's our first in the Cherokee Basin, an area we find very attractive. We have been pursuing GLNA as a partner for some time. We feel Gary and his team are some of the most technically competent players in the CBM marketplace. We will begin drilling the first pilot program in early July." GLNA, LLC is a Colorado limited liability company engaged in generating, drilling and producing oil and gas projects in Kansas, Wyoming, Utah and Alaska. GLNA leasehold position totals over 121,000 acres of fee and federal leases throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Layne Christensen Company provides sophisticated services and related products for water supply, mineral exploration, geoconstruction and energy markets. FRB/Weber Shandwick Worldwide serves as financial relations counsel to this company, is acting on the companys behalf in issuing this bulletin and receiving compensation therefor there·for adv. For that: ordering goods and enclosing payment therefor. Adv. 1. therefor . The information contained herein is furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. for information purposes only and is not to be construed as an offer to buy or sell securities. |
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